Headlines

Trump’s bluster and millions haven’t stopped universal mail-in voting plans

‘Pandemic fatigue’ leads to resurgence of coronavirus in Europe where France and Spain hit records

White House to announce $11.6 billion in disaster relief for Puerto Rico

POTUS to stop downloads of TIKTOK by Sunday

Outgoing China ambassador: Trump ‘believed the Chinese’ early in pandemic

The next wave of the global recovery could send commodity prices soaring

Pennsylvania Supreme Court sides with Dems — allows mailed ballots to be counted 3 days after Election Day

Rasmussen: Trump highest approval rating since impeachment launch

Poll: Biden up 9 points in Arizona, tied with Trump in North Carolina

Coronavirus live updates: U.S., Canada and Mexico extend border closures through October

Most voters now believe there is a ‘war on police’ — back ‘blue lives matter’ laws

Trump ‘putting a lot of pressure’ on CDC and FDA, I’d trust Fauci on vaccine


STAND UP FOR AMERICA!

Chinese Checkers

It seems that all is not lotus blossoms and shark-fin soup in China these days … as one respected analyst has estimated that the economic growth rate there fell to 1.7% in the fourth quarter of 2014 versus the official rate of 7.4% … see: Breitbart Article. And one reason to believe that China might be experiencing such a GNP paroxysm is that the world-wide demand for commodities … oil, copper, steel, etc. … has also fallen off the shelf. If China, one of the primary drivers of the growth in such commodities, has experienced such an indicated slowdown, then it would follow that its requirements for these materials would also plummet.

As indicated in this very interesting article referenced above, the side effects of this economic slowdown in China is that it is exporting deflation and is beset by capital and labor outflows which put its large internal debt burden in a precarious position. China’s ability to manage its way through its current economic problems is far more consequential to world economic health than today’s political theater in Greece. As indicated, if China is forced to sell much of the $1.3 trillion of United States sovereign debt it now holds, interest rates here will naturally elevate … independent of the machinations of the U.S. Federal Reserve Bank. This would also strengthen the dollar more which, in turn, would then depress commodity prices even further.

It appears to this investor that the key to continued strength in world economies and stock markets is now held in Beijing and not in Washington and Brussels … or even in Riyadh,Saudi Arabia.